EEUK

EPY is an option for 3rd year undergraduates to explore business start up or self employment as an alternative to a conventional placement year. An element of trading activity is expected.

Awareness is created by talks to 2nd years and promotion by Placement Offices.

 Students need to display;

• desire to try business or self-employment

• an idea for a product or service

• commitment of time and effort (though part-time work is acceptable if it doesn't interfere with EPY)

• Organisation and self-discipline

Process;

• Student researches idea

• Brief proposal to academic school

• If acceptable, a formal application is completed March/April

• Selection panel chooses around 20 (maximum workable) with input from Business Advisors

• Starts July and ends May

Some join with others in partnerships.

All register as self-employed with HMRC.

Support is provided;

• Induction day

• Free use of office facilities

• 1:1 business advice and coaching from experienced Business Advisors

• 6 EPY group meetings interacting with staff and peers

• 14 weekly business events

• Access to Proof of Concept Grant (when available)

• Access to Business Start-up Grant (when available)

• Free use of stall in a local market

• Public liability insurance

• Outside industry visit

• Enterprise Showcase

• Business templates and other information

• Other opportunities as they arise

It culminates with a pitch to a panel about their business offer and reflections upon the EPY experience. This, coupled with a business plan, a profit & loss account, a formal report, and feedback on the student's effort and engagement, allows the tutor to assess the year in academic terms.

We expect the students to adopt a business-like attitude to the year (by sending apologies for meetings, being punctual and acknowledging receipt of emails/information) and take them to task if necessary.